The Ontario Municipal Employees’ Retirement System is appointing Ralph Berg as its chief investment officer, effective April 1, 2023.
“[Berg] is a proven investor and a seasoned executive,” said Blake Hutcheson, the pension fund’s president and chief executive officer, in a press release. “The board and I have the deepest confidence that he will continue to build on our strategy to grow our investment capabilities, our global reach and our diversified high-quality portfolio.”
With a decade of experience at the OMERS in a variety of roles, Berg was most recently executive vice-president and global head of capital markets. Previously, he was executive vice-president and global head of OMERS Infrastructure, overseeing a portfolio of infrastructure assets that extend across the globe.
Berg will succeed Satish Rai, who’s been in the CIO role since 2018 and will transition to an advisory role until his retirement in late 2024.
“[Rai] has devoted his talent, leadership and expertise to building an extraordinary global investment strategy, brand and team during his tenure at OMERS,” said Hutcheson. “We are extremely grateful for [Rai]’s contributions and I look forward to his continued commitment and counsel that will benefit our members and their families over the long term.”